Market Open Price on Monday, page-45

' -At Completion Empired will pay $5m to the Intergen vendors settled through $1.8m in cash and, subject to shareholder approval, the issue of 4.3m fully paid ordinary shares in Empired.
- The remaining $12.4m will be settled in cash and is subject to EBITDA performance criteria. This remaining consideration will be paid over a 3 year period with $2m due on 30 April 2015, $5.2m due on 30 April 2016 and the final $5.2m due on 30 April 2017.
- The transaction will be fully funded from Empired’s current balance sheet.'

From the announcement. Funded from their cash reserves dependent upon EBITDA perfromance. Imo their one sub holder who wants out at any price and has smashed the share price to achieve this. Once they are out this should move back to fair value around 60c imo